Editor's Review

President William Ruto has launched a new Hustler Fund product known as the Biashara Loan.

President William Ruto has launched a new Hustler Fund product known as the Biashara Loan. 

Speaking at KICC on Thursday, March 2, President Ruto announced that the new product will target Small and Medium Enterprises (MSMEs) and offer them loans ranging from Sh 10,000 and Sh 200,000.

“Leo tumeanzisha micro loan product ambayo wewe mwananchi unayefanya biashara unaweza kukopa kati ya shilingi elfu kumi na shilingi elfu mia mbili,” said Ruto.

The Head of State stated that interested individuals will be required to register their businesses under the Business Registration Bureau from which the government will assess and determine the money each applicant will be given.

“Kama uko na registration ya biashara kutoka kwa Business Registration Bureau, wewe utajiandikisha useme jina ya kampuni yako alfu utasubmit. Baada ya kusubmit details zako assessment itafanywa alafu ijulikane unafaa kupewa shilingi ngapi,” Ruto added.

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File image of President Ruto interacting with a sugarcane seller

How to Apply

  1. Dial *254#
  2. Selected option 1 Hustler Fund
  3. Selected option 2 Biashara Loan
  4. Selected option 1 to register
  5. Select the category of your business

Available categories include agriculture, trade, manufacturing, and service providing.